Tampa Bay Real Estate Market Report: Trends and Analysis of the Last 4 Weeks

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Luis Bedoya

Last update:  2025-02-16

Tampa Bay Real Estate Market Report: Trends and Analysis of the Last 4 Weeks

­Tampa Bay Real Estate Market Summary - February 2025

The Tampa Bay real estate market has undergone significant changes over the past four weeks. In this report, we present a detailed analysis of trends in single-family homes and condominiums across key counties such as Pinellas, Hillsborough, Pasco, Manatee, and Sarasota.

General Market Trends

  • Active Properties: A total of 6,883 listings were active over the past four weeks.

  • Closed Sales: 2,892 properties were sold, reflecting a significant transaction volume.

  • Pending Properties: 4,419 properties were marked as "pending" for closing.

  • Cancellations: A total of 1,189 properties were withdrawn from the market.

Analysis by Property Type

Single-Family Homes

  • Pinellas County: 236 homes were sold in the past 4 weeks, totaling $95,989,972 in sales volume.

  • Hillsborough County: 95 sales were closed, totaling $97,432,311.

  • Pasco County: 21 sales were recorded, amounting to $51,515,191.

  • Manatee County: 74 homes were sold, with a total volume of $53,298,324.

  • Sarasota County: 128 sales were completed, totaling $71,529,861.

Condominiums

  • Pinellas County: 576 units were sold, with a total volume of $19,877,300.

  • Hillsborough County: 442 sales were closed, totaling $70,051,075.

  • Pasco County: 797 condominiums were sold, totaling $101,083,022.

  • Manatee County: 18 sales were recorded, with a volume of $5,449,000.

  • Sarasota County: 435 sales were completed, totaling $59,681,281.

Key Market Factors

  • Price Decreases: 129 reductions were recorded in single-family homes and 36 in condominiums across Tampa Bay.

  • New Listings: A total of 85 new homes and 20 new condominiums were listed on the market recently.

  • Back on the Market: There was a growing number of properties returning for sale after previous cancellations.

The Tampa Bay real estate market remains active, with a high turnover of properties. Trends indicate price fluctuations and continued buyer interest. If you are considering buying or selling, monitoring these changes is crucial for making informed decisions.

Luis Bedoya

Luis Bedoya

Meet Luis Bedoya: one of the top agents at his brokerage and a name synonymous with unwavering honesty and dedication in the real estate sector. With a steadfast commitment, Luis's primary goal is to provide the best and most transparent service to his clients, ensuring their interests are always at the forefront.

But there's more to Luis than just real estate acumen. In the modern digital age, he has harnessed the power of video and ad marketing, mastering these tools to the benefit of his clientele. His YouTube channel stands as a testament to this, offering valuable insights and showcasing properties in a dynamic and engaging manner.

Luis's blend of traditional real estate expertise with contemporary marketing strategies ensures that his clients always have an edge in the competitive property market. Choose Luis Bedoya for a holistic real estate experience, where honesty meets innovation.

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